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Property profile & analytics
OFF-MARKET
Estimated value
$19,900,000
Breweries
60 Airport Rd, Arden, NC 28704-9405
Trust Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1243824
Property profile
Verified
Property type
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Year built
2008
Construction
CONCRETE BLOCKS
Total area
209,555 SF
Lot
33.5 ac (1,459,260 SF)
Zoning code
DEED DATE:01/31/2011 DEED
APN
9653-09-9569-00000
UPID
US53-1243824
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Walmart Photo Center (Bike/Boat/Book/etc) Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Walmart Money Center Check Cashing
-
Walmart Tech Services Tech Support Center (Bike/Boat/Book/etc) Store
-
Walmart Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.90M
Blend (final)
Blend
$19.90M
Owner & transaction history
Wal-mart Real Estate Busn Trust · 15 yrs held
Wal-mart Real Estate Busn Trust
since 2011
1 recorded transaction
Zoning & alternative use
DEED DATE:01/31/2011 DEED · Arden, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Arden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arden submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.90M
Range $17.91M – $21.89M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$95 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$135,708
Tax year 2024
Assessed value
$14,641,100
Assessed 2024
Previous assessed
$14,641,100
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$4,887,400
Improvement market value
$9,753,700
Total market value
$14,641,100
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Status
Off-Market
Year built
2008
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
YES
Stories
1
Total area
209,555 SF
Lot
33.5 ac (1,459,260 SF)
Zoning code
DEED DATE:01/31/2011 DEED
APN
9653-09-9569-00000
UPID
US53-1243824
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:01/31/2011 DEED · Arden, NC
Zoning DEED DATE:01/31/2011 DEED · permitted uses
DEED DATE:01/31/2011 DEED · Arden, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arden. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Lot
33.5 ac
Current owner
From public records · entity-resolved
Wal-mart Real Estate Busn Trust
Trust
Free & Clear · 15 yrs held
Mailing address
702 SW 8TH ST, BENTONVILLE, AR 72716-6209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2011
—
Wal-mart Real Estate Busn Trust
Wal-mart Stores East LP
Quit Claim Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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